Contact: Sarah Seagraves
i2E Vice President for Marketing
(405) 813-2403 or email sseagraves@i2E.org
StartOK, OK Angel Sidecar Funds lead $1 million investment
A pair of investment funds managed by i2E, Inc., recently closed a $500,000 Series A investment round in Tulsa’s ICEdot. The i2E managed funds led an investment round of $1.03 million, which included co-investment from Oklahoma angels and out-of-state strategic investors. i2E investment included $300,000 from its StartOK Accelerator Fund and $200,000 from its OK Angel Sidecar Fund.
ICEdot has created an innovative crash sensor attached to the safety helmet of cyclists, skiers, snow boarders, BMX bikers and other action sport participants. The ICEdot Crash Sensor detects forces consistent with head injury and notifies emergency contacts of the owners GPS coordinates via text message. With worldwide exclusive license to the sensor technology, ICEdot is the only service that combines health data, sensor-based detection and notification services.
“With this funding we will be able to manufacture our highly anticipated Crash Sensors,” said Chris Zenthoefer, ICEdot’s chief executive officer. “Transitioning from prototypes to production is an exciting time, and we are eager to take our product to the market.
The crash sensor is expected to commercially debut at this year’s edition of the Saint Francis Tulsa Tough, June 7-9.
The StartOK Accelerator Fund and OKAngel Sidecar Fund are two of three Accelerate Oklahoma! investment vehicles created in 2011 by i2E through a partnership with the Oklahoma Department of Commerce and the U.S. Treasury State Small Business Credit Initiative.
The StartOK Fund targets companies that are in the startup stage that have not yet completed a product launch. The OK Angel Sidecar Fund specifically targets opportunities to invest alongside Oklahoma angel investors.
About ICEdot: ICEdot is an emergency ID and notification service innovating safety technology for athletes and outdoor enthusiasts. ICEdot syncs a secure online profile with products such as a band, snap, helmet stickers or its latest product, the crash sensor. In Case Of Emergency, ICEdot has the ability share predesignated health and geolocation information over sms/text. ICEdot is a company full of everyday athletes that create products they want to use in their own lives. For more information visit icedot.org or icedotathletes.com
Management: Chris Zenthoefer, CEO
Year started: 2004
Location: Tulsa, OK
About i2E, Inc.: With offices in Oklahoma City and Tulsa, OK, i2E’s nationally recognized services include business expertise and funding for Oklahoma’s emerging small businesses.